follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Decentralized exchange good or not?  (Read 20497 times)

Offline ayatoslaw

  • Legendary
  • *
  • *
  • *
  • *
  • Activity: 2060
  • points:
    27118
  • Karma: 86
  • Trade Count: (0)
  • Referrals: 12
  • Last Active: March 30, 2024, 10:52:29 AM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Decentralized exchange good or not?
« on: April 12, 2019, 08:06:46 AM »
as time goes on, cryptocurrency will always experience many changes,
whether it's a coin or an exchange,
for example, decentralized exchange,
decentralized exchange is made so that funds can be held directly by traders rather than binary,
so it's safe from hacker attacks.
if I think decentralization of exchange is very good.
What do you think?

Altcoins Talks - Cryptocurrency Forum

Decentralized exchange good or not?
« on: April 12, 2019, 08:06:46 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open


Offline Zed0X

  • Legendary
  • *
  • *
  • *
  • Activity: 3439
  • points:
    59907
  • Karma: 323
  • Coinomize.biz
  • Trade Count: (0)
  • Referrals: 34
  • Last Active: April 28, 2024, 06:44:23 PM
    • View Profile

  • Total Badges: 27
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Decentralized exchange good or not?
« Reply #1 on: April 12, 2019, 11:14:17 AM »
I don't think it is even a debate if it is good or not. Many wanted to go for decentralized exchanges for a long time but because of the lack liquidity/volume, they're forced to stick with centralized exchanges. The fact that even CEX are also developing their own DEX says a lot already. DEX is the future. 

Offline Speaker

  • Legendary
  • *
  • Activity: 4996
  • points:
    31602
  • Karma: 165
  • The fully decentralized and compact blockchain.
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: January 20, 2023, 02:02:36 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 5000 Posts
Re: Decentralized exchange good or not?
« Reply #2 on: April 12, 2019, 12:32:58 PM »
The idea of a decentralized exchange is very interesting,but in practice these exchanges do not provide a normal number of coins, their liquidity and the exchanges themselves quite slow.
I think in the future there will be hybrid exchanges that will combine the advantages of centralized and decentralized exchanges.
Minima
🌍Decentralized, ultra-lean blockchain running entirely on mobile & IoT🌍

|📲 JOIN INCENTIVE CASH   |► TELEGRAM  |  DISCORD ◄|   RUN A NODE & EARN COINS 📲|

Offline dragononcrypto

  • * 2nd President *
  • Legendary
  • *
  • *
  • *
  • *
  • *
  • Activity: 3359
  • points:
    36802
  • Karma: 360
  • Trade Count: (0)
  • Referrals: 24
  • Last Active: October 10, 2023, 04:33:12 AM
    • View Profile

  • Total Badges: 33
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Decentralized exchange good or not?
« Reply #3 on: April 12, 2019, 02:04:52 PM »
I also don't think it's a debate, decentralized exchanges are superior to centralized exchanges, even if there are still issues (mainly liquidity). Once liquidity is integrated into these DEX's (from centralized exchanges), and user bases increase, exchanges will gradually "upgrade" to more decentralized models imo.

Offline khufuking

  • Sr. Member
  • *
  • Activity: 330
  • points:
    443
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 05, 2023, 09:40:41 AM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Decentralized exchange good or not?
« Reply #4 on: April 12, 2019, 04:29:04 PM »
Decentralized exchange concept is really great but we are still far away from a 100% safe real decentralized exchange, for example, just a couple of months ago there was a bug with one of the popular decentralized exchange that led to a loss of a lot of money, we still need more time.
▄▄████████████▄▄
▄████████████████████▄
▄████████████████████████▄
██████▀    █████████████████
██████  ▄█████████████████████
██████▌ ▐███████████████████████
███████  ████████▀▀     ██████████
▐███████  ███████   ▄██████████████▌
▐███████     ███   ████████████████▌
▐███████  █████▌  █████████████████▌
███████  ██████   ████████  ▐█████
██████  ███████   ▀▀▀▀▀▀  ▄█████
█████▄▄█████████▄▄▄▄▄▄▄▄██████
████████████████████████████
▀████████████████████████▀
▀████████████████████▀
 ▀▀████████████▀▀
AZ FundChain|FINANCIAL INCLUSION 
THROUGH DECENTRALIZED MONEY CIRCLES
||
         ▄▄▄█████▄▄▄
      ▄███████████████▄
    ▄███████████████████▄
   ███████████████████████
  ████████████████▀▀▀ ▐████
 ███████████▀▀▀  ▄█▀  ██████
▐█████▀▀▀      ▄█▀    ██████▌
▐███▄▄▄    ▄▄██▀     ███████▌
▐████████ ███▀       ███████▌
 ████████▌█          ███████
  ████████ ▄▄██▄    ███████
   ███████████████▄ ██████
    ▀███████████████████▀
      ▀███████████████▀
         ▀▀▀█████▀▀▀

███████          ██████
 ▀██████        █████▀
  ███████      ██████ 
  ██▐█████    ███████ 
  ██ ██████  ██▌█████ 
  ██  █████▌██▌ █████ 
  ██   ██████▌  █████ 
  ██    ████▌   █████ 
 ████    ██▌   ▄█████▄
██████    █   █████████

         ▄▄▄█████▄▄▄
      ▄███████████████▄
    ▄███████████████████▄
   ████████████▀▀▀▀▀▀█████
  ████████████       ██████
 █████████████    ▄▄▄███████
▐█████████████    ██████████▌
▐██████████          ███████▌
▐██████████          ███████▌
 █████████████    ██████████
  ████████████    █████████
   ███████████    ████████
    ▀███████████████████▀
      ▀███████████████▀
         ▀▀▀█████▀▀▀

Offline masterrex

  • Legendary
  • *
  • Activity: 1737
  • points:
    40061
  • Karma: 45
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: May 22, 2023, 03:40:39 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Decentralized exchange good or not?
« Reply #5 on: April 12, 2019, 05:06:17 PM »
as time goes on, cryptocurrency will always experience many changes,
whether it's a coin or an exchange,
for example, decentralized exchange,
decentralized exchange is made so that funds can be held directly by traders rather than binary,
so it's safe from hacker attacks.
if I think decentralization of exchange is very good.
What do you think?
Its good since its decentralized you are in control with your funds, But the Bad thing for me is the poor volume performance I think if the Volume of a DEX was improve its more far better that Centralized One.

Offline ZionRTZ

  • Legendary
  • *
  • *
  • Activity: 1628
  • points:
    2965
  • Karma: 112
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: November 22, 2020, 08:45:01 AM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Decentralized exchange good or not?
« Reply #6 on: April 12, 2019, 08:09:27 PM »
Here's the thing:
Traders don't go to DEX's because of the lack of liquidity but in order to increase its liquidity, more traders must use these DEX's.

There's no doubt that many traders prefer decentralized exchanges if only transaction speed will be improved and more trading pairs will be added.

Altcoins Talks - Cryptocurrency Forum

Re: Decentralized exchange good or not?
« Reply #6 on: April 12, 2019, 08:09:27 PM »


Offline Ryanpogz

  • Sr. Member
  • *
  • Activity: 415
  • points:
    840
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 7
  • Last Active: February 25, 2024, 05:45:22 AM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Decentralized exchange good or not?
« Reply #7 on: April 13, 2019, 07:39:51 AM »
The idea of a decentralized exchange is very interesting,but in practice these exchanges do not provide a normal number of coins, their liquidity and the exchanges themselves quite slow.
I think in the future there will be hybrid exchanges that will combine the advantages of centralized and decentralized exchanges.
Cryptocurrency needs decentralizaion 100%. It makes no sense with centralized crypto. I just think the system needs a bit inmprovement yet.

Offline Cutter Cute

  • Hero Member
  • *
  • Activity: 765
  • points:
    6648
  • Karma: 9
  • Maximus Coin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 13, 2023, 01:01:29 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Decentralized exchange good or not?
« Reply #8 on: April 13, 2019, 05:03:41 PM »
Maybe many of us want the Binance, Bittex and HitBTC exchanges for new tokens to have high prices on the market, but I prefer decentralized exchanges that are easier to use for crypto trading, transparency makes me prefer trading there, because I can controlling all my assets safely, easily and quickly when withdrawing crypto assets
        ▄▄█▀█▀█▀█▀█▄▄
     ▄█▀█ █▄█▄█▄█▄█ █▀█▄
   ▄█ █▄█████████████▄█▀█▄
  █▄▀███  ▀███████▀  ██▄███
 █▄▄████    ▀███▀    ███████
▐▄▄█████  █▄  ▀  ▄█  ███████▌
▐▄▄█████  ██▀   ▀██  ███████▌
▐▄▄█████  ▀  ▄█▄  ▀  ███████▌
 █▄▄██     ▄█████▄     █████
  █▀▄█▄▄▄▄█████████▄▄▄▄▀███
   ▀█ █▀█████████████▀█▄█▀
     ▀█▄█ █▀█▀█▀█▀█ █▄█▀
        ▀▀█▄█▄█▄█▄█▀▀
.
.Maximus Coin.
██
██
██
██
██
██
██
██
██
██
██
██
██
Building the world’s first ever
decentralized ecosystem backed by
the distributed cloud storage network.
.No Central Servers.
.No Privacy Breach.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀▀▀▀▀▀▀▀▀▀▀
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████▀    ▐███████
███████████    ▄▄█████████
▐██████████▀    ▀▀█████████▌
▐█████████▌       █████████▌
▐███████████    ███████████▌
███████████    ███████████
██████████    ██████████
▀████████▄  ▄████████▀
▀████████████████▀
▀▀▀▀▀▀▀▀▀▀▀▀

Offline Chomzzy

  • Full Member
  • *
  • Activity: 260
  • points:
    357
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 7
  • Last Active: April 14, 2019, 09:55:33 AM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Decentralized exchange good or not?
« Reply #9 on: April 13, 2019, 06:09:41 PM »
Yes decentralized exchanges are good.
There are some good ones .
The only challenge being that the daily volume on those exchanges is far from being encouraging.
Nevertheless, there's still need for improvement in order to accommodate the demand of traders.

Online tsakf

  • Hero Member
  • *
  • Activity: 834
  • points:
    6988
  • Karma: 6
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 28, 2024, 10:23:50 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Decentralized exchange good or not?
« Reply #10 on: April 13, 2019, 09:53:11 PM »
I think that decentralized exchanges are good. But the future is, on chain, atomic swaps. There are on;y 4 coins that support atomic swaps. Bitcoin, Litecoin, Verge and Decred. There are innovations coming up, that plan to bring atomic swaps between any blockchain. Crypto space, is full of creativity and innovation.

Offline Bobcrypto

  • Legendary
  • *
  • Activity: 3605
  • points:
    69857
  • Karma: 98
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: April 28, 2024, 01:11:27 PM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: Decentralized exchange good or not?
« Reply #11 on: April 13, 2019, 10:11:13 PM »
In my opinion,  CEX is very user-friendly and easy to use systems comparing to Dex. I am sure more advancements will happen in DEX to make it fly high.

.FX..BOX.
 
▄████████████████████████████████████████▄
███                                    ███
███                          ▄██▄      ███
███                         ▄█████▄    ███
███   ▄▄                   ▄████████▄  ███
███  ▄███▄                █████▀██████▄███
███ ███████▄             █████▀  ▀████████
█████████████▄         ▄█████      ▀██████
███████▀▀██████▄      ▄█████         ▀████
██████    ▀██████▄   ██████            ▀██
█████       ▀██████▄██████             ▄
███▀          ▀██████████              ██▄
██▀             ▀▀█████▀               ███
█▀                 ▀██▀                ███
▀ ▄                  ▀                 ███
▄██                                    ███
▀████████████████████████████████████████▀
 
INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
              ▄▄███
        ▄▄▄██▀████
  ▄▄▄█████▀ ▄█████
▀█████▀▀ ▄███████
       ▄█████████
       ██▀██████
       ▀    ▀▀█▀


██▀▀█▄       ▄█▀
 ▀█▄ ▀█▄   ▄█▀
   ▀█▄ ▀█▄█▀
     ▀█  █▄
    ▄█▀█▄ ▀█▄
  ▄█▀   ▀█▄ ▀█▄
▄█▀       ▀█▄▄██
 
GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
               │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
 
.FOREX..TRADING FROM $1.
 
.READ MORE.


Senior Member
Code: [Select]

FXBOX
█████████████████████
  
▄████████████████████████████████████████▄
███                                    ███
███                          ▄██▄      ███
███                         ▄█████▄    ███
███   ▄▄                   ▄████████▄  ███
███  ▄███▄                █████▀██████▄███
███ ███████▄             █████▀  ▀████████
█████████████▄         ▄█████      ▀██████
███████▀▀██████▄      ▄█████         ▀████
██████    ▀██████▄   ██████            ▀██
█████       ▀██████▄██████             ▄
███▀          ▀██████████              ██▄
██▀             ▀▀█████▀               ███
█▀                 ▀██▀                ███
▀ ▄                  ▀                 ███
▄██                                    ███
▀████████████████████████████████████████▀
  
INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
  
              ▄▄███
        ▄▄▄██▀████
  ▄▄▄█████▀ ▄█████
▀█████▀▀ ▄███████
       ▄█████████
       ██▀██████
       ▀    ▀▀█▀


██▀▀█▄       ▄█▀
 ▀█▄ ▀█▄   ▄█▀
   ▀█▄ ▀█▄█▀
     ▀█  █▄
    ▄█▀█▄ ▀█▄
  ▄█▀   ▀█▄ ▀█▄
▄█▀       ▀█▄▄██
  
GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
                │
     │      ███
     │      ███
    │     ███
███  │     ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███ ███ ███
███ ███     │
███ ███     │
    │
 
 
FOREXTRADING FROM $1
████████████████████████████████████████
 
███




███

██████████████████████████████

READ MORE

██████████████████████████████

███
  █
  █
  █
  █
███

aiviaa485

  • Guest
Re: Decentralized exchange good or not?
« Reply #12 on: April 14, 2019, 03:52:19 PM »
All of them discuss that Decentralization is into profitable businesses.
But let's think that the Decentralized Exchange is very dangerous, because of the lack of security.

For example : ForkDelta and IDEX that store our Private Key to trade on that platform.
                     If ForkDelta and IDEX are hacked, I'm sure our Private Key can also be hacked.

Offline Puncak_pelangi

  • Sr. Member
  • *
  • Activity: 466
  • points:
    657
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 28, 2019, 06:54:03 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Decentralized exchange good or not?
« Reply #13 on: April 15, 2019, 05:58:48 PM »
I also think that the decentralized exchange is very good, because there is openness between the two parties, and I think it is also very useful and can be done anytime and anywhere as long as there is an internet network.

Online tsakf

  • Hero Member
  • *
  • Activity: 834
  • points:
    6988
  • Karma: 6
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 28, 2024, 10:23:50 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Decentralized exchange good or not?
« Reply #14 on: April 17, 2019, 07:03:01 PM »
The next step, that makes exchanges obsolete, is the atomic swap. Now it is applicable only to similar blockchains, but I think that evolution, will make them available to more blockchains. We have technology going on. Have fun!

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod